From our private database of 14,100+ case briefs...
Omega Environmental Inc. v. Valley Bank, N.A.
United States Court of Appeals for the Ninth Circuit
219 F.3d 984 (2000)
Valley Bank (creditor) had possession of a certificate of deposit (CD) that the bank issued to Omega Environmental, Inc. (debtor). When Omega filed for bankruptcy, the bank asserted that it was entitled to relief from the automatic stay because the CD was an instrument. The bank also argued claims in instruments could be perfected through possession and it had therefore perfected its claim in the CD through possession prior to the bankruptcy. Omega asserted that the claim was not perfected because the CD was not an instrument but rather a type of collateral that could not be perfected through possession. The bankruptcy court and the district court held the CD was an instrument and Valley Bank was entitled to relief from the automatic stay. Omega appealed.
Rule of Law
Holding and Reasoning (Per Curiam)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 220,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,100 briefs, keyed to 189 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.